The Garabedian Group, Inc.
Facing a Huge Gain from a Realty Sale?
If you are contemplating selling real estate property, there are a number of issues that could impact the taxes that you might owe, and...
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The Garabedian Group, Inc.
- Sep 28
- 2 min
How Understanding the ‘Rule of 72’ Helps You Make Personal Finance Decisions
Though everybody wants their money to grow, few people understand the best way to make that happen. It’s all about where you choose to...
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The Garabedian Group, Inc.
- Sep 21
- 8 min
Child Daycare and Taxes
When discussing daycare for children so parents can work, there are two primary areas: one from the viewpoint of the individual providing...
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The Garabedian Group, Inc.
- Sep 15
- 3 min
How Your Business and You Can survive a looming Recession
For some months now, fears of a recession have dominated the news and much time has been dedicated to fearing what a recession could mean...
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The Garabedian Group, Inc.
- Sep 14
- 3 min
IRS Letters: Tax Scam or Something You Need to Address?
Your taxes contain an array of sensitive information, from financial data to your Social Security number or tax ID number. Because of...
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The Garabedian Group, Inc.
- Sep 7
- 4 min
Gift Tax Treatment of Tuition Plans
Qualified tuition plans (QTPs) provide a means for family members and others to save for the future educational needs of children....
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The Garabedian Group, Inc.
- Aug 25
- 4 min
Your Guide to Using 529 College Savings Plans
When it comes to saving for your child’s future college expenses, 529 college savings plans are one of the most popular options — and for...
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The Garabedian Group, Inc.
- Aug 18
- 3 min
Worried You Don't Have Enough Saved for Retirement? You're Not Alone
According to one recent study, the average retirement age in the United States was 62 years old as of 2017. Currently, the minimum age...
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The Garabedian Group, Inc.
- Aug 11
- 3 min
What Are My Chances of Being Audited, and How Can I Reduce Them?
First, don’t panic. Audits are relatively rare, as fewer than 1% of taxpayers grouped by income level will get that dreaded notice on IRS...
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The Garabedian Group, Inc.
- Aug 4
- 5 min
Tax Planning to Help New Franchisees
Your investment can be a wonderful opportunity, but it also involves a completely unfamiliar set of rules when it comes to your taxes....
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The Garabedian Group, Inc.
- Jul 27
- 5 min
Tax Issues That Arise When Converting a Home into a Rental
With the current substantial appreciation in home values and demand for housing exceeding the available inventory, along with low home...
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The Garabedian Group, Inc.
- Jul 20
- 4 min
3 Reasons Paying Your Bills Early Will Benefit You
If there’s anything we all learned from 2020, it’s that things can change in a heartbeat and that the unexpected can create real havoc....
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The Garabedian Group, Inc.
- Jul 15
- 3 min
How to Create a Financially Balanced Budget You Can Live By
Not having positive money management habits can severely impact your current finances and future well-being. Creating and sticking to...
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The Garabedian Group, Inc.
- Jul 13
- 5 min
12 Financial Metrics Small Business Owners Should Track
Operating a small business is an exhilarating and, at times, overwhelming endeavor. There are so many details to keep track of that it’s...
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The Garabedian Group, Inc.
- Jul 6
- 6 min
Planning for a Child’s College Expenses Should Start Early
Some in Congress have proposed “free” (i.e., government-paid) tuition for community college attendance. Even if that proposal were to...
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The Garabedian Group, Inc.
- Jun 30
- 3 min
Don’t Lose Your Passport Because of Unpaid Federal Debt
The IRS has begun issuing notice CP508C to taxpayers with “seriously delinquent” tax debt, and the service has resumed its program of...
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The Garabedian Group, Inc.
- Jun 24
- 2 min
Tax Treatment of a Room Rental
With the shortage of affordable housing these days, many homeowners are renting out rooms in their homes, providing themselves with some...
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The Garabedian Group, Inc.
- Jun 23
- 2 min
You Should Be Keeping Home Improvement Records
Individuals who meet the 2-out-of-5-year use and ownership tests can exclude up to $250,000 ($500,000 if both filer and spouse qualify)...
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The Garabedian Group, Inc.
- Jun 22
- 3 min
With a Possible Recession looming, Here's How to Fortify Your Business
If you’re a business owner who has been through a recession before, you know that smart cash flow management is absolutely crucial. If...
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The Garabedian Group, Inc.
- Jun 17
- 4 min
Vacation Home Rentals: How the Income Is Taxed
If you have a second home in a resort area, or if you have been considering acquiring a second home or vacation home, and with summer...
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